XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 1,283.1 $ 953.4
Inventories 440.8 430.4
Prepaid expenses and other current assets 202.2 142.0
Total current assets 2,328.4 1,891.3
Property, plant and equipment, net 718.7 723.1
Other intangible assets, net 99.8 98.5
Goodwill 51.5 51.5
Other assets (includes $1.4 and $10.2 at fair value) 318.9 323.3
Total assets 3,517.3 3,087.7
Current Liabilities    
Accounts payable 57.6 19.8
Current portion of long-term debt 83.1 83.8
Total current liabilities 520.4 528.4
Long-term debt, net 1,612.3 1,296.1
Other liabilities 53.9 51.6
Total liabilities 2,186.6 1,876.1
Commitments and contingencies (note 12)
Stockholders’ Equity    
Preferred stock, $.001 par value, 5,000,000 authorized; none issued and outstanding 0.0 0.0
Common stock, $.001 par value, 100,000,000 authorized; 70,361,846 and 70,196,031 issued and outstanding 0.1 0.1
Additional paid-in capital 1,260.9 1,184.4
Accumulated earnings 75.7 40.3
Accumulated other comprehensive loss (6.0) (13.2)
Treasury stock (0.2) 0.0
Deferred compensation 0.2 0.0
Total stockholders’ equity 1,330.7 1,211.6
Total liabilities and stockholders’ equity 3,517.3 3,087.7
Nonrelated Party    
Current Assets    
Accounts receivable, net 283.1 252.5
Current Liabilities    
Accrued expenses and other current liabilities 378.6 423.8
Related Party    
Current Assets    
Accounts receivable, net 119.2 113.0
Current Liabilities    
Accrued expenses and other current liabilities $ 1.1 $ 1.0